New Delhi, May 27 (IANS) IPL teams have given phenomenal returns against the stock market, with the Rajasthan Royals leading the pack with 29 times the returns.
According to research by Treelife, if you had invested Rs 1 lakh in IPL teams, it would have significantly outperformed Sensex and blue chip stocks.
The Rajasthan Royals top the list with 29 times the return, so the Rs 1 lakh invested is now Rs 29.07 lakhs. It is followed by Kolkata Knight Riders with 28 times, Chennai Super Kings with 24 times and Mumbai Indians with 22 times.
Comparing it to the stock exchange, gave 3 times as a Trust Industries (NS:) and Wipro (NS:). Infosys (NS:) gave 6 times back while Hindustan Unilever (NS:) had 13 returns during the period.
SBI (NS:) gave 1.6 times the return while Tata Steel (NS:) gave 0.7 times the yield.
Mumbai Indians has the highest valuation at Rs 10,673 crore followed by CSK with Rs 9,442 crore, KKR with Rs 9,031 crore, RCB with Rs 8,415 crore, Delhi Capitals with Rs 8,497 crore, Rajasthan Royals with Rs 8,210 crore, Sunrisers Hyderabad with Rs 7,964 crore and Kings XI Punjab with Rs 7,594 crore.
The two new teams, Lucknow Super Giants has a valuation of Rs 8,825 crore and Gujarat Titans has a valuation of Rs 6,979 crore.